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/product/detail/index/isin/CH0365244372
36524437BGILDU
Gilead1.81%25.60% p.a.04.09.2018USD71.3571.60
/product/detail/index/isin/CH0367841373
36784137IBMBEU
IBM0.59%5.68% p.a.21.09.2018USD144.50145.20
/product/detail/index/isin/CH0367846760
36784676DECEBU
VAT Group AG2.34%20.41% p.a.29.08.2018CHF124.30125.00
/product/detail/index/isin/CH0370274893
37027489BEGOOU
Alphabet Inc. C24.94%--15.10.2018USD892.00901.50
/product/detail/index/isin/CH0375586663
37558666VODBLU
Vodafone Group-0.69%--08.11.2018GBP1.761.77
/product/detail/index/isin/CH0380264462
38026446NOVNHU
Novartis1.49%13.23% p.a.11.09.2018CHF80.8581.25
/product/detail/index/isin/CH0380264710
38026471DISUNU
Walt Disney15.72%2.89% p.a.11.09.2018USD94.3594.80
/product/detail/index/isin/CH0380270741
38027074GLEXHU
Glencore1.31%5.76% p.a.07.11.2018GBP3.003.01
/product/detail/index/isin/CH0380271376
38027137BABANU
Alibaba11.45%21.84% p.a.06.09.2018USD152.10153.00
/product/detail/index/isin/CH0381804043
38180404BIIBNU
Biogen Idec11.36%11.52% p.a.20.11.2018USD304.25306.00
/product/detail/index/isin/CH0384590078
38459007LONNNU
Lonza16.10%--10.10.2018CHF259.50260.50
/product/detail/index/isin/CH0384594930
38459493GILDDU
Gilead2.50%18.26% p.a.09.10.2018USD70.6571.10
/product/detail/index/isin/CH0386304536
38630453CELUNU
Celgene Corporation3.01%16.27% p.a.26.10.2018USD87.1587.65
/product/detail/index/isin/CH0387998427
38799842GEBSSU
Geberit2.26%5.01% p.a.31.01.2019CHF417.00419.00
/product/detail/index/isin/CH0388002724
38800272EMMNSU
EMMI AG23.12%--07.02.2019CHF620.00624.00
/product/detail/index/isin/CH0388007293
38800729AMGENU
Amgen19.11%0.83% p.a.06.11.2018USD158.00159.70
/product/detail/index/isin/CH0388007301
38800730MRKUNU
Merck & Co.17.39%3.52% p.a.06.11.2018USD56.7557.05
/product/detail/index/isin/CH0388008036
38800803GEBNNU
Geberit1.39%6.11% p.a.07.11.2018CHF420.75422.75
/product/detail/index/isin/CH0389556017
38955601IBMBNU
IBM3.40%13.88% p.a.19.11.2018USD140.30141.10
/product/detail/index/isin/CH0389561132
38956113MRKRNU
Merck & Co.21.01%3.21% p.a.16.11.2018USD54.2554.55
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Discount certificate (UBS BLOC)

A UBS BLOC (Buy Low Or Cash), also known as a discount certificate, enables investors with a moderate-to-high risk tolerance to obtain a price reduction when purchasing a selected underlying asset (e.g. index, equity, currency pair or precious metal). The more favorable entry results in a return benefit so that attractive returns are possible even in a sideways moving market.

Participating in price increases is limited: as soon as the price of the underlying asset trades at or above the cap level at maturity, the UBS BLOC will yield the anticipated return. The price reduction granted at the beginning results in investors benefiting from a safety buffer. Buyers of a UBS BLOC are almost always in a better position when the prices of the underlying asset fall than direct investors are, as they usually suffer fewer losses in terms of percentage.

However, the reduction in price is not full protection at maturity. If the underlying asset trades below the purchase price paid for the certificate there will be a loss in the capital invested. If the underlying asset closes below the cap level at maturity, the repayment is linked directly to the price of the underlying asset. The investor is then either paid the value of the underlying asset or the cash value of the underlying asset adjusted by the subscription ratio. In addition, the issuer risk must be taken into consideration, since the invested capital could be lost if UBS AG becomes insolvent, irrespective of the performance of the underlying asset.

A more detailed product description is available in our brochure "Knowledge in a nutshell".